SM Shofiqul Hoq elected chairman of Citizens Bank Risk Management Committee
SM Shofiqul Hoq Takes Leadership Role in Citizens Bank Risk Committee
Bdbusinessdaily.com – Citizens Bank PLC has appointed SM Shofiqul Hoq, one of its directors, as chairman of the bank’s Risk Management Committee. His election was unanimous, placing an experienced textile-sector executive in a key board-level role connected to the bank’s oversight and governance framework.
Hoq represents Rahimaaziz Knitspin Limited, a sponsor director entity of Citizens Bank. Alongside his responsibilities at the bank, he serves as executive director of NR Group, bringing business experience from the country’s garment and textile-related industries to the committee chairmanship.
Experience Across Textile Operations and Business Functions
His professional career began in 2004, when he joined Arif Knitspin Limited as an assistant manager. Since then, Hoq has worked through a range of roles before taking up his current position as executive director of NR Group in 2025.
His background includes work in foreign procurement, marketing and the wider textile industry. These areas involve commercial decision-making, supply relationships and operational planning, all of which can offer practical perspective when a financial institution evaluates risk across different business sectors.
Hoq is a graduate of the University of Dhaka, where he completed a degree in Finance and Banking. That academic training, combined with his corporate experience, forms part of the professional profile he brings to the Risk Management Committee.
Board-Level Responsibilities
Before becoming committee chairman, Hoq had already served on the Board of Directors of Citizens Bank. Through that role, he has contributed to the bank’s strategic direction and governance activities.
A bank’s Risk Management Committee is an important part of its governance structure. It helps the board focus on major areas of exposure and supports informed oversight as the institution makes decisions involving its operations, policies and long-term priorities. The committee chair plays a central role in guiding its discussions and ensuring that risk considerations receive appropriate attention at board level.
For Citizens Bank, the appointment places a director with experience in a major industrial segment in charge of the committee. Bangladesh’s textile and knitwear businesses are closely linked to international procurement, export-oriented production and commercial relationships, making industry knowledge relevant to broader conversations around business conditions and financial risk.
Citizens Bank Expects Strategic Contribution
Citizens Bank has expressed confidence that Hoq’s professional record, industry understanding and strategic outlook will support him in the new position. His experience across procurement, marketing and textile operations adds a business-side perspective to the committee’s work.
The role does not change his connection with Rahimaaziz Knitspin Limited, which he represents as a sponsor director entity, or his executive position at NR Group. Instead, it adds a further governance responsibility within Citizens Bank’s board structure.
His appointment also highlights the importance of experienced directors in specialist board committees. While a board oversees the institution as a whole, committees allow directors to give closer attention to particular areas of responsibility. Risk management is especially significant because it supports careful decision-making and helps align business ambitions with sound oversight.
Hoq’s professional journey from assistant manager in 2004 to executive director in 2025 reflects more than two decades of career development in the textile sector. His new chairmanship at Citizens Bank brings that experience into a financial-services governance role, where industry knowledge and financial understanding can contribute to committee deliberations.
As chairman of the Risk Management Committee, Hoq will be expected to provide leadership in discussions related to the bank’s risk oversight responsibilities. Citizens Bank views his combination of banking education, board experience and corporate-sector exposure as an asset for the position.
The unanimous election signals support from the bank’s relevant decision-makers for his appointment. With his continued role on the Board of Directors and his business experience at NR Group, Hoq is set to take on the committee chairmanship as part of Citizens Bank’s wider governance arrangements.
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